:00 mitt romney called the president to concede. he thanked hisrunningmatepaulryancallinghim the best choice he has ever made after his wife ann, of course, and he said it was time to put aside partisan bickering and work together for the good of the country. >> the president won with 303 electoral votes. the president needed only 270. it all came down to ohio tonight. that's what's everyone has been talking about for weeks. mr. obama's victory there sealed the second term. >> proposition starting with prop 30, the governor's tax man to make or break california's education system and has $6 billion in trigger cuts riding on its decision. right now, it's 50/50. look at that. neck and neck. it has changed. it was losing a moment ago. and i didn't see pre sifrnths cincts reporting but it is neck and neck. >> cbs political insider phil mctear and the team of reporters covering our campaign 2012 coverage tonight. >> but first, we're going to go to cbs 5 grace lee. huge night for the president and the democrats. >> reporter: absolutely, it was. we expected it to be close but the president g